Cryptocurrency Analysis and News Portal
The Depository Trust & Clearing Corporation (DTCC), a global financial market infrastructure giant, says traditional IT security frameworks must be updated to tackle the blockchain.An official press release on Feb. 12 took note of the expected rise in adoption of distributed ledger technology like blockchains in financial services globally. The
Read More
A new working group, spearheaded by senior employees of Ripple and Coinbase, is going to advise United States regulators on crypto-friendly policies. But congresspeople are too busy preparing for the upcoming elections, which means that U.S. crypto firms will have to continue hula-hooping through state-by-state regulations in the near
Read More
United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed safe harbor for token projects.After initially floating the idea in August 2019, Peirce has now formally presented a regulatory vision that would create a safe harbor for projects that raise funds to build decentralized networks.Peirce proposes
Read More
As crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally. Singapore is the latest to join the party. On Jan. 28, the Monetary Authority of Singapore’s (MAS) Payment Services Act went into effect, setting up a framework for the regulation of payment-related
Read More
In what must have been a drastic change for Denis Pitcher, chief fintech advisor to the Premier of Bermuda, he and CoinDesk’s Michael Casey took to the chilly streets of Davos to talk about his government’s steps to enable blockchain adoption in the island nation.“In the summer of 2018, we
Read More
The European Securities and Markets Authority (ESMA) plans to push for more regulation around cryptocurrencies and related products as part of their 2020 focus.ESMA published its 2020-2022 priorities list Thursday, noting that EU capital markets are facing new risks from digitalization. The organization wants market participants to acknowledge and prepare
Read More
South Korea’s National Assembly’s policy committee passed a bill on Tuesday, adding new amendments to the Act on Reporting and Using Specified Financial Transaction Information that will create a groundwork for digital currencies by classifying them as virtual assets.One of Korea’s financial regulator, the Financial Services Commission (FSC), claims that
Read More
The Indian government is drafting a paper outlining a new national blockchain framework, a minister wrote Wednesday. Source
Read More
As the initial Call for Input into the development of the ICO AI Auditing Framework comes to an end, Simon McDougall, Executive Director for Technology and
Read More
U.S. Secretary of State Michael Pompeo expressed his belief that cryptocurrencies and other crypto assets should be regulated in the same way that SWIFT and other financial institutions are. He made these comments in an interview with CNBC’s Squawk Box on Tuesday (transcript).Regulation of crypto assets has been a hot
Read More